The market size of the Global Smart Pregnancy Tracker Market is predicted to show an 17.7% CAGR during the projected period.
For the purpose of identifying prenatal disorders, it is becoming more and more common to regularly and in real-time monitor foetal activity as well as other vital signs of both pregnant patients and the foetus. This kind of therapy assists expectant patients in identifying health issues earlier and selecting an organized course of treatment by increasing the likelihood of a healthy, problem-free pregnancy. Innovative and smart technology that the patient can wear is being brought to the early testing industry in order to do real-time analysis of the fetal/unborn child, such as a smart pregnancy tracker. The growing frequency of cardiac diseases, rising government funding for research initiatives for maternal and unborn child's healthcare and welfare, increasing interest of manufacturers in launching innovative smart trackers, and technical improvement in real-time and non-invasive monitoring are the other main factors driving the market for smart pregnancy trackers. These benefits include early diagnosis of diseases or problems of the foetus. Many individuals who have conceived via IVF or other external methods also choose to take preventative steps to check on the unborn kid regularly. Additionally, the industry will indirectly expand due to the increasing number of successful pregnancies linked to IVF.
Uncertainty over the effectiveness of pregnancy trackers is one of the main issues limiting the business, and the lack of accurate scientific confirmation hampers the expansion of companies. The challenge of accurately deciphering physiological signals that vary considerably between women is another barrier to the widespread use of smart pregnancy trackers.
The Smart Pregnancy Tracker Market is segmented on the basis of Application, Product Type, End-User, and Distribution Platform. Based on Application, the market is segmented as Cardiac Monitoring, Blood Pressure Monitoring, Real-Time Contraction Tracking, Vital Sign Tracking, and Fetal Kick Monitoring. Based on Product Type, the market is segmented as Wearable Patch/ Devices, Wearable Wrist Bands, Other Wearable Products, and Related Software/ Mobile Apps. Based on End-User, the market is segmented as Hospitals & Maternity Clinics, Retail Pharmacies, E-Commerce Channels, and Home Healthcare. Based on the Distribution Platform, the market is segmented as Online and Offline.
Based on the Application, the Foetal kick monitoring segment is accounted as a major contributor to the Smart Pregnancy Tracker Market.
Foetal kick monitoring will become more popular during the forecasted time because additional kick tracking bands are being introduced to the market. A number of factors influence the global foetal kick monitoring market, including an increase in the prevalence of cardiopulmonary diseases, technological advancements like non-invasive surgeries, an increase in government and non-government initiatives for maternal and foetal health worldwide, an increase in awareness of and willingness to invest in the development of foetal monitoring, and an increase in the number of multiple pregnancies, post-term pregnancy, and premature delivery cases. Future growth of the segment is anticipated to be fuelled by technological improvements, an increase in preterm births, rising birth rates, a rise in haemorrhage rates, premature birth rates, and the need for foetal monitoring supplements. Additionally, the development of portable and wireless goods and technologies and unexplored emerging economies offer profitable growth prospects globally.
Based on product type, the Wearable patches and devices segment is accounted as a significant contributor to the Smart Pregnancy Tracker Market.
Wearable patches and devices will become more popular than other goods and software due to the manufacturers' aggressive marketing campaigns for pregnancy tracking bands or patches. It is projected that the development of sectors, including home healthcare and remote patient monitoring devices, will have an impact on segment growth. In addition, it is anticipated that the growing emphasis would impact the industry on fitness and a healthy lifestyle. The COVID-19 pandemic's spike in product demand and growing public awareness of personal health monitoring are anticipated to be some of the vital segment drivers. Healthcare practitioners may use new wearable medical devices connected with the iOS and Android platforms for use with smartphones to monitor and diagnose patient outcomes more efficiently and effectively. Wearable medical gadgets are thriving as a result of advances in virtual medicine and telemedicine, notably following the COVID-19 crisis for remote healthcare and illness management.
The North America Smart Pregnancy Tracker Market holds a significant revenue share in the region.
North America is one of the regions where sales of smart pregnancy trackers are highest. The introduction of technologically advanced trackers into the American and Canadian markets, the presence of significant players in the region, the high level of patient awareness of non-invasive tracking, and the supportive reimbursement environment for the devices provided by the American government are some of the leading causes of this. The high occurrence of preterm deliveries, the expanding purchasing power and per capita income, and the supportive government initiative towards developing healthcare infrastructure for the mother and child care sector will further support the regional market growth. The region's market is expanding due to the increasing acceptance of technologically improved products and regulatory changes to approve and use mobile-based applications. The region's growing number of digital entrepreneurs and the government's increased investment in IT infrastructure, increased awareness of reproductive health, the prevalence of OA, and better internet connectivity are fueling the market's expansion.
The key players in the Smart Pregnancy Tracker Market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and through partnerships with regional and international companies to expand their product offerings and expand their global market presence. Some of the major key players in the Smart Pregnancy Tracker Market are Bloomlife, Bellabeat, Wave Hello, Koninklijke Philips N.V., Abbott, Aparito, Apple Inc., 112 Motion B.V., Medtronic, MC10, Biotricity Inc., Brainlab AG, Hitachi, Ltd., Varian Medical Systems, Inc., XinRay Systems, Rubi Life, Babypod, NUVO Inc., and BeWell Innovation.